In a small town of 100 people, there are 10 children under 16, 10 retired people, 60 people with full-time jobs, 3 people with part-time jobs, 3 full-time students over 16, and 4 full-time homemakers.The remaining people did not have jobs, but wanted jobs.What is the unemployment rate in this town?

Question

Quizplus · Accepted Answer

The unemployment rate is the percentage of the labor force that is unemployed. The labor force is the total number of people who are employed or actively seeking employment. In this case, the labor force is 60 + 3 + 3 + 4 = 70 people. The number of unemployed people is 100 - 70 = 30 people. Therefore, the unemployment rate is 30 / 70 * 100 = 13.7%.

In a Small Town of 100 People, There Are 10